Tag: Ponzi
Operation Choke Point 2.0 Is SEC’s ‘Chemotherapy’ for $14B Ponzi Problem, Crypto Banking Firm BCB’s CEO Says
"Events of the last six months have put a damper on entities wanting to bank this space [crypto]," said another panelist, Richard Booth, chief complia [...]
Multiple US state regulators allege AI trading dApp is a Ponzi scheme
Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against cryptocurrency trading platform YieldTrust.ai al [...]
Move-to-Earn Has a Ponzi Economics Problem
Stepn is a cautionary tale for M2E startup founders like me. But I see a better model in Sweatcoin, which leveraged real-life utility to amass over 10 [...]
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon.The fo [...]
Another Director of $180m FX Ponzi Scheme Faces 10 Years in Jail – Forex Factory
Another Director of $180m FX Ponzi Scheme Faces 10 Years in Jail Forex Factory
www.forexfactory.com [...]
Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform
Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform
www.coindesk.com [...]
EminiFX CEO Eddy Alexandre Set to Plead Guilty to Role in Alleged $59M Ponzi Scheme
Despite Alexandre’s alleged fraud, however, many of his customers have continued to support him. At Alexandre’s plea hearing last year, supporters fro [...]
First Mover Americas: Celsius Network Accused of Running a Ponzi Scheme
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualize [...]
Two More Promoters of Forcount Crypto Ponzi Scheme Arrested, Charged With Fraud
Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a col [...]
No, Advisors, Crypto Is Not a Ponzi Scheme
For one thing, tokens like bitcoin and ether do hold value, even in down markets, and are not dependent on inflows of new money to pay off investors. [...]
Leader of the Suspected Russian Ponzi Scheme Is Arrested in UAE: Report
Finiko was popular in Russia in 2020-2021, marketing itself as a crypto investment fund. The company, which had been conducting public mass events and [...]
EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’
One of the leading figures convicted of being behind the $100 million crypto “Ponzi” scheme, EmpiresX, has just been handed an over four-year jail sen [...]
Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme
Giri allegedly misled investor by promoting himself as an expert cryptocurrency trader with a specialty in bitcoin derivatives. According to the indic [...]
Bitcoin traders increase leverage longs even as crypto critics say BTC is a “pure Ponzi”
Bitcoin (BTC) price has tested the $16,000 resistance multiple times since the 25% crash that occurred between Nov. 7 and Nov. 9, and some critics wil [...]
SEC Charges Trade Coin Club Founding Members With Operating a $295-Million Ponzi Scheme
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